Fed's Goolsbee: Rising unemployment may indicate worsening job market

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Fed News

Centralbanks,Unitedstates,Macroeconomics

Federal Reserve Bank of Chicago President Austan Goolsbee said on Wednesday that he becomes more worried about the labor market than inflation, citing recent progress on price pressures and weak jobs data, per Bloomberg Key quotes It's important that we not assume that if the labor market were to deteriorate past normal, that we could react and...

Federal Reserve Bank of Chicago President Austan Goolsbee said on Wednesday that he becomes more worried about the labor market than inflation, citing recent progress on price pressures and weak jobs data, per Bloomberg Key quotes It's important that we not assume that if the labor market were to deteriorate past normal, that we could react and fix that, once it's already broken. Inflation, it’s clear, has been coming down for some time, and we’re quite restrictive.

How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines